Ian Bezek submits:
I am short ChinaCast Education (CAST) for the following reasons:
1. ChinaCast has engaged in several dubious transactions with seemingly related parties. 2. It’s quite possible that ChinaCast investors’ funds were misused or misappropriated during these unusual transactions. 3. Several of ChinaCast’s important subsidiaries were not audited by Deloitte, but rather, by largely unknown [...]
Robert Salomon submits:
Fascinating read in the March 2011 issue of Wired magazine documenting an increasing trend among U.S. small businesses: They seem to be bringing manufacturing work that had been outsourced to China back stateside (see Small Businesses Buck Trend, ht Jon).
According to Wired:
For U.S. firms, the decision to manufacture overseas [...]
Sean Wright submits:
“We never want to rely on the kindness of strangers in order to meet tomorrow’s obligations.” ~ Warren Buffett
Synopsis
ADY has serious financial problems. The company is heavily indebted, yet has a history of producing negative cash flow and no immediate prospects for operating improvements. It is highly questionable whether or [...]
Variant View Research submits:
In our previous report explaining why we are short Advanced Battery Technologies (ABAT), we claimed that “ABAT spent $20 million to acquire a company linked to the Chairman without disclosing the relationship.” Further research confirms that the truth is even more nefarious than we initially believed. The target company was not only [...]